Bank executives, scholars debate over foreign banks entry to Ethiopia

Bank executives, scholars debate over foreign banks entry to Ethiopia

Executives of local banks and scholars have debated over the entry of foreign banks to Ethiopia at the business panel discussion focusing on “Opening of the Domestic Banking Sector to Foreign Banks: Opportunities and Challenges”, organized by Addis Abeba Chamber of Commerce and Sectorial Associations (AACCSA). The panel discussion held on Friday at Hilton Hotel….

ECAA grants license to Werku Ayetenew’s Gold Star Aviation

ECAA grants license to Werku Ayetenew’s Gold Star Aviation

By Kaleyesus Bekele The Ethiopian Civil Aviation Authority (ECAA) has granted an Air Operator Certificate (AOC) to Gold Star Aviation, a new air transport company established by the renowned businessman, Werku Ayetenew. At a ceremony held today ECAA Director General Getachew Mengistie congratulated the management of Gold Star Aviation for complying with all the requirements…

Ethio telecom launches cloud computing service

Ethio telecom launches cloud computing service

Ethio telecom has launched Cloud Computing Service, telecloud, which would modernize and empower daily business activities of the customers. The new cloud computing service will help companies to get modern services virtually without the need to build data centers and other infrastructures, Frehiwot Tamiru, CEO of Ethio telecom said Thursday. The service launching program was…

Ethiopian Insurers, FSD Africa to sponsor trainings

Ethiopian Insurers, FSD Africa to sponsor trainings

Institutions working on capital market and insurance sectors have agreed to pay tuition fees for staffs that would be enrolled to take capital market and insurance courses. Getachew Beshahwred, General Manager of Bruh Finance said Wednesday that, “We’ve negotiated with Associations such as Association of Ethiopian Insurers Association (AEI) to pay tuition fees of their…

Corporation gets new CEO

Corporation gets new CEO

Prime Minister Abiy Ahmed (PhD) has appointed Aklilu Tadesse as new CEO of the Industrial Parks Development Corporation (IPDC), effective October 18, 2022. Aklilu replaced the outgoing CEO Sandokan Debebe, who has been appointed as State Minister of Planning and Development. Aklilu has a background in the field of Law (LLB). He has been serving…

Ethiopian to expand its service to Switzerland with new flight to Zürich

Ethiopian to expand its service to Switzerland with new flight to Zürich

Ethiopian Airlines announced that it will add Zürich to its expanding global network, with thrice weekly flights. The first flight from Addis Ababa to Zürich will take off on 31 October 2022, operated with the ultra-modern Boeing 787 Dreamliner. Zürich will be Ethiopian Airlines second destination in Switzerland next to Geneva, and its 19th gateway…

Adama gets 750 mln Birr Hotel

Adama gets 750 mln Birr Hotel

A new Hotel named Naflet Hotel, which was constructed in Adama city with a total investment of 750 million Birr was inaugurated during the last weekend. The Hotel was owned by two investors named Dagim Tibebu and Hawi Zewdie and its construction consumed eight years. The eighth storey new Hotel has 38 bed rooms and…

Digaf Microcredit Providers signs MoU with Ministry of Labor, Skills

Digaf Microcredit Providers signs MoU with Ministry of Labor, Skills

Digaf Microcredit Providers, a technology-driven micro-finance institute, has signed a Memorandum of Understanding (MoU) with the Ethiopian Ministry of Labor and Skills (MoLS). The partnership will allow MoLS and Digaf to facilitate access to affordable digital loan products to low- and medium-income individuals with the aim of enhancing financial capacity. This announcement of the partnership…